Country
Category
Business
Starting period
Flexible
Minimum length of stay
4 weeks
Number of people
1-2
Study fields
Education, Social work, Psychology, Women Empowerment , Development studies, Girl Empowerment, International Business, Finance studies, Economics, Communication, Entrepreneurial studies
Country
Category
Business
Starting period
Flexible
Minimum length of stay
4 weeks
Number of people
1-2
Study fields
Education, Social work, Psychology, Women Empowerment , Development studies, Girl Empowerment, International Business, Finance studies, Economics, Communication, Entrepreneurial studies
Financing & women empowerment initiative, Tanzania
Set up by the owner of the project in Arusha. Make a real societal impact and get experience as a financial advisor within the Project by helping vulnerable African women gain financial independence and shape their own future.
Many women in the Arusha and Kilimanjaro region are in a vulnerable position. Within the African culture positions of men and women are far from equal, men are allowed to have several wives and almost always these wives are dependent on the men for their livelihood. These women have not learned how to be financially independent which leads to big problems when the man decides to leave. To help these women there is the possible to lend money by Village Community Banks (VICOBA). These VICOBA’s are groups of 25-30 members of whom approximately 90% are women. These VICOBA’s give out loans meant to improve the health and social welfare of these women but they are mostly meant to help these women with starting a small businesses to generate an income.
These VICOBA’s are a great initiative and could potentially really help these women but these micro loans are not accompanied by financial advice or supervision. This results in women getting loans without a proper strategy for a small business which would enable them to pay the loans back again. Then these women, already in a vulnerable position, end up with debt which keeps on increasing. With proper financial advice these situations could be relatively easily avoided.
That’s where the project comes in. The project empowers these women to achieve financial independence by providing practical financial advice on how to use VICOBA loans effectively. Through this guidance, they learn to establish and sustain successful small businesses, turning their skills and talents into a sustainable income. This equips them with the tools to shape their own future and attain lasting financial self-reliance.
The goals of the project:
For the women, the goal is to achieve financial independence by building sustainable livelihoods through small businesses. For the interns, the goal is to translate their academic financial knowledge into practical strategies for microloans and small businesses in the African culture.
Vacancy requirements
• Fully Self-funded, however we do encourage fundraising or crowdfunding
• Able to adapt to different work environments and changing situations in Africa
• Bring their passion for making a difference
• Enthusiasm for travel and open minded attitude
Stories
139 reviews with an average rating of 4.7 / 5.
More vacancies
frequently asked questions
What is the procedure for a LGA project?
Check out Our procedure page.
How do I register?
- Every country has its own registration form, but if you haven’t decided yet you can also use the general LGA registration form on the website, in the brochure attachment or we can simply email it to you.
- You can fill out the registration form and email it back to us or send it by mail.
- LGA registration costs will be deducted from the program costs, so they are not extra costs.
- The registration is completed when we received the form and the €95 registration fee (LGA bank details are on the registration form)
- You will receive a LGA invoice of your registration and later on an invoice of the total program costs.
I am registered, what are next steps?
Checkout Our process page for all steps!
Let’s connect
Challenge yourself by temporarily leaving your comfort zone
Make a difference via a local need-based project description
Work together with the local community for a better future
Let’s Go Africa uses strictly necessary cookies to make our site work, and optional analytics cookies to help us improve your experience. We won't set optional cookies unless you enable them.
Let’s Go Africa uses strictly necessary cookies to make our site work, and optional analytics cookies to help us improve your experience. We won't set optional cookies unless you enable them.